How to use simple interest in a sentence

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Sentence Examples Equity awarded simple interest at a time when courts of law had no right under common law or statute to award any interest. They gave her simple interest on it and they absolved her of her liability for the occupation rent. The lender would then sue and only be entitled to simple interest on the judgment. The interest rolls up in the units you buy, so you actually get capital gain on your units rather than simple interest. Usual Inland Revenue practice is to refund overpaid tax, plus a repayment supplement at simple interest rates for the last six tax years. Bankers charged simple interest, with interest capitalised at intervals. The original refund of £204m has long been paid to them, along with a cheque for £268m in simple interest. On top of a refund, the Ombudsman adds 8 per cent simple interest for each year since the PPI premiums were paid. For registered plans, simple interest must be paid to the Daily Interest Fund. The result assumes a simple interest rate calculation and that interest payments have not been reinvested. Interest on your savings can be calculated two different ways: simple interest and compound interest. Canada will pay the Contractor simple interest at the Average Rate plus 3 percent per year on any amount that is overdue, from the date that amount becomes overdue until the day before the date of payment, inclusive. It is against extending the current rules focusing on simple interest payments, which are little used to hide income, to include foundations and trusts. In common law, the right of ownership may be subdivided into a set of multiple rights ranging from a simple interest as a lessee to a fee simple, which is the most complete interest in a property. The interest is simple interest and will not be compounded. The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system. In this section simple interest rate model examples are provided. Note 2: As per section 7.04 of the Settlement Agreement all interest payable on the holdback amount is calculated on the basis of simple interest and is not compounded. For registered plans, simple interest is paid on an annual basis only. For this reason, Farm Dairy requested the application of a simple interest rate because if it had known that the aid was illegal and if it had had the choice, it would have chosen to repay the sum earlier. Show More Sentences Next, the author explores the mathematics of the time value of money through a discussion of simple interest, bank discount, compound interest, and annuities. Examples from Classical Literature After his death his estate paid nine years' simple interest on his deficit, and ten years thereafter, the principal was paid. He did not realize that these installments were only simple interest upon the sums due him. The solution of problems in simple interest confronts the pupils with new situations in which this principle can be applied. Finally, Sir Joseph Banks joined the expedition, out of simple interest, anxious to employ his energy and fortune. The mill and its contents earn for their operator nothing but simple interest on the money they have cost. She made acquaintances right and left, and took a simple interest in everybody and everything. The present generation becomes debtor to him who excels, but the future will discharge that debt with more than simple interest. His features wore an admirable expression of simple interest. Savings from simple interest itself constitute the third contribution. The project consists of a single property improved with a commercial building and a residential building from which the City will acquire the fee simple interest. Find more words! 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What is the plural of simple interest? Use our Sentence Generator Nearby Words simple in structure simple-hearted Simple simple simpers simperingly simple joys simple life simple machine simple machines simpleminded simple-minded